Your Quick Guide to 2019 Retirement Limits

Ubiquity Retirement + Savings: Stay Up-To-Date.

The IRS has announced the 2019 contribution limits for retirement and health savings accounts. This includes contribution limits for 401(k) and 403(b) plans, as well as income limits for IRA contribution deductibility. Additionally, the salary threshold to classify “key” and “highly compensated employees” has been announced. Review our quick guide of the updated limits below.

401(k) and 403(b) individual contribution limits (IRS 402(g) Limit)

2018

2019

Age 49 and under

$18,500

$19,000

Age 50 and older

Additional $6,000

Additional $6,000

The IRS has also set limits for the total amount that may be contributed to your retirement savings 401(k) account from all sources combined (IRS section 415 limit). This includes any employer matching or pro t-sharing contributions, and any employee after-tax contributions. For 2019, the maximum is $56,000.

Every plan is different, so it’s important to refer to your Plan Document for any compensation or other applicable limits.